Olawale Banmore

Managing Director & CEO at Staco Insurance PLC

Mr Olawale Banmore is a seasoned Insurance practitioner with about 30 years on the job experience in the Industry.

He is a graduate of Sociology from the University of Ibadan and hold a Master’s Degree in Managerial Psychology from the same institution. Currently, a Doctorate degree student at Babcock University, Ilishan-Remo, Ogun State.

He is an associate member of the Chartered Insurance Institute of Nigeria (ACIIN); a member of the Africa Insurance Organization; a member of the Niger and South Africa Chambers of Commerce and alumni of the Lagos Business School. Also, a member, Institute of Directors as well as Board member, Centre for Development and Research, Federal University of Technology, Akure, Ondo State

He joined Royal Exchange Group in 2003 from UNIC Insurance and acted in various managerial capacities within the Company. He was the Managing Director of Royal Exchange Prudential Life Plc, a subsidiary of Royal Exchange Plc from 2011 to December4. 2019 and rose to the position of Group Managing Director in the same organization where he oversees several subsidiaries within the Group.

Prior to joining STACO, between April 2021 to May, 2022, he was Managing Director, BOS micro Insurance.

He has diverse experience and exposure in Technical services, Branch and Regional Operations, multichannel products and service marketing.

Timeline

  • Managing Director & CEO

    Current role

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